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$3,250,000

12609 Sunshine Lane Treasure Island, FL 33706 Multi Unit - Multiple Active

  • 12609 Sunshine Lane , Treasure Island, FL 33706 Main Photo

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Description

Own one of Treasure Island's rarest beachfront compounds. Featuring The Pink Flamingo and The Blue Dolphin-two fully renovated Gulf-front homes generating nearly $300,000 in annual gross rental income-this turnkey legacy property offers the perfect blend of luxury living, proven cash flow, and irreplaceable direct beach frontage. Celebrated for their distinctive 1950s retro coastal theme, The Pink Flamingo and The Blue Dolphin have become iconic beachfront destinations, where vintage Old Florida charm meets modern comfort. Every detail has been thoughtfully designed to capture the nostalgia of a bygone era while providing today's guests with the quality and amenities they expect. The result is a truly memorable experience that has earned nothing but 5-star reviews and a loyal base of repeat visitors who return year after year. Behind the timeless aesthetic lies a property that has been meticulously updated for peace of mind and long-term value. Both homes feature impact-rated windows and doors, combining enhanced storm protection with energy efficiency, quiet interiors, and abundant natural light-all while preserving their unique character and curb appeal. With an established rental business, proven financial performance, and nearly $300,000 in annual gross revenue, you'll step into immediate cash flow while enjoying the flexibility to use the property however you choose. Live in one home and rent the other, continue operating both as premier vacation rentals, or create the ultimate multi-generational beachfront retreat for family and friends. The Pink Flamingo offers spacious accommodations, vibrant retro-inspired décor, and breathtaking Gulf views that make every stay unforgettable. Just steps away, The Blue Dolphin complements the experience with its own distinctive personality and inviting atmosphere, creating the perfect pairing for larger groups, extended families, or dual rental opportunities. Together, they form a one-of-a-kind beachfront compound that simply cannot be replicated. Step outside and the Gulf of Mexico becomes your backyard. Spend your mornings with coffee overlooking the water, your afternoons with your toes in the sugar-white sand, and your evenings watching spectacular sunsets from your private beachfront oasis. It's the quintessential Florida lifestyle that guests rave about and one that few properties can truly offer. For investors, the value extends well beyond the real estate itself. You're acquiring an established hospitality business with a proven operating history, exceptional guest satisfaction, and a recognizable identity that sets it apart in a competitive market. The combination of all 5-star ratings, repeat clientele, and turnkey operations provides a solid foundation for continued success from day one. Perfectly situated in the heart of Treasure Island, you're just minutes from waterfront dining, shopping, boating, entertainment, and John's Pass while still enjoying the privacy and tranquility of direct beachfront living. Properties offering two separate Gulf-front homes, a proven six-figure income stream, distinctive branding, modern upgrades, and an irreplaceable location are extraordinarily rare. The Pink Flamingo and The Blue Dolphin are more than vacation rentals-they are beloved destinations that blend nostalgia, luxury, and investment potential into one unforgettable opportunity. Note - There is also a second lot included that is in front of the lot with the houses.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air, Mini-Split Unit(s)
Heating: Central, Electric, Heat Pump
Lot Size: 0.28 Acres
Roof Type: Built-Up
Stories: 2.0
Taxes: $5,293
Year Built: 1951

General Information

Bedrooms: 5
Sqft: 2,028
County: Pinellas
Subdivision: CONEY ISLAND
Listed By:
Robert Bello, JR DALTON WADE INC 888-668-8283

Amenities

Ceiling Fans(s)
Stone Counters
Window Treatments
Lighting
Private Entrance
Private Yard

Property Features

Annual Net Income: 211250.00
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Body of Water: GULF OF MEXICO
Directions: From Gulf Blvd, make a right onto and then make a right onto Sunshine Lane. It is on the left.
Exterior: Block, Frame
Flood Zone Code: AE
Flooring: Luxury Vinyl, Tile
Foundation: Slab, Stilt/On Piling
Frontage Gulf Ocean: 40
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.28
Other Equipment: Private Entrance, Private Yard
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Special View Info: Water
Utilities: Cable Connected, Electricity Connected, Sewer Connected
Water: Public
Water Access: Beach, Gulf/Ocean
Water Access Y/N: Yes
Waterfront Features: Beach Front, Gulf/Ocean
Water View: Beach, Gulf/Ocean - Full
$3,250,000
5beds
2,028sqft
New to the Market Active
BEDS5 BATHS SQUARE FEET2,028 MLS#W7888215
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCONEY ISLAND

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12609 Sunshine Lane , Treasure Island, FL 33706.

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Estimated Payment

$ 12,350.70 per month $10,961.70 Principal & Interest $441.08 Property Tax $947.92 Homeowner's Insurance

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